Question
15 You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds.
15
You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $200,000 today or receive payments of $1,400 a month for 20 years. You can earn 0.5% per month on your money. Which option should you take and why?
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
